RE: this share is22 Sep 2020 11:11
Its an open market.
My guess is after a 1300% rise, and then it holding it well over 1000%, this was on everyones radar.
Even very big players who were seeing whats happening here.
There is no way the big money would buy after a rise like that.
They know, it will retrace. It's the most popular share at .8p Who's left to buy? Everyone is at it.
In comes huge money, over £100m in an order at say... 0.5p
Now there is permanent pressure that that is what the market values it at. Its the biggest order.
MM's drop and see if the market agree's.
Profit takers get out, sells gained.
Stop losses drop, sells gained
Panicked sellers, sells gained
Until it finds the bottom or resistence where buys come again
Lots are waiting at .5p
Where do yo think it would settle?
Thankfully the 0.5p orders WINS has been sat on look like they are drying up.
What you are witnessing is money talks.
Supply and demand, open markets, open prices.
You can order what you want, it may or may not get filled.